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German Chemical Industry Cuts 2016 Sales Outlook for 3rd Time
(Friday, July 22, 2016) German chemicals trade group VCI on Friday cut its forecast for industry revenue in 2016 for the third time, citing slower demand for plastics and chemicals used for making long-lasting plants and equipment.
Enterprise Loads PGP for Export at Houston Ship Channel Facility
(Tuesday, July 19, 2016) Enterprise Products Partners Tuesday announced the company has loaded its first two vessels with polymer grade propylene (PGP) for export at the Enterprise Hydrocarbons Terminal along the Houston Ship Channel.
Petro Rabigh Restarts Ethane Cracker Unit July 14
(Monday, July 18, 2016) Saudi Arabia's Rabigh Refining and Petrochemical Co. (PetroRabigh) said on Sunday it had completed temporary repairs on its ethane cracker unit.
What's Driving Shell's Plans for a Marcellus/Utica Ethylene Plant?
(Friday, July 15, 2016) Whether or not Shell Chemicals follows through on its plan to build a $6 billion ethylene plant near Pittsburgh, PA –– and when that steam cracker comes online –– will have a significant impact on the U.S. ethane, ethylene and polyethylene markets.
Japan's Mitsubishi Chem Restarts Kashima Naphtha Cracker After Delay
(Thursday, July 14, 2016) Japan's Mitsubishi Chemical Holdings Corp said it restarted the 539,000 tonnes-per-year naphtha cracker at its Kashima plant on Thursday, following a delay due to an extended planned maintenance.
Sipchem Taps Jacobs for Jubail Contract
(Thursday, July 14, 2016) Under the terms of the contract, Jacobs is expected to provide a range of engineering services on an as-needed basis for a portfolio of minor capital expenditure projects at the Sipchem facilities.
Daimler Trucks to Use 3D Printing for Spare Parts Production
(Wednesday, July 13, 2016) Daimler, the world's largest truck manufacturer, will use three-dimensional printing (3D) to make spare parts made from plastics as digital manufacturing reshapes the vehicle supply chain.
China to Slow Energy Project Construction, Shifts to Capacity Cuts-Xinhua
(Monday, July 11, 2016) China will ban the construction of new coal-based chemical facilities and coal-fired power plants until 2018 and continue to shed overcapacity in coal mining and oil refining, state news agency Xinhua reported on Monday.
Iran Says Fire at Bu Ali Sina Petrochemical Complex Contained,No Casualties
(Thursday, July 07, 2016) A fire that broke out at Iran's Bu Ali Sina petrochemical refinery complex has been contained, the Iranian oil ministry said on its official website Shana on Thursday.
British Politician to Stay on as Lead EU Carbon Lawmaker for Now
(Wednesday, July 06, 2016) British utilities are among the largest buyers of permits in the EU Emissions Trading System, which charges power plants and factories for every tonne of carbon dioxide (CO2) they emit.
Thailand's PTT Delays $20B Vietnam Refinery and Petrochemical Complex
(Tuesday, June 28, 2016) Thailand's largest energy company PTT Pcl has postponed plans to build a $20 billion refinery and petrochemical complex in Vietnam, citing political changes in the country and uncertainty in global oil markets.
Qatar Petroleum to Cede Control of Parts of Industrial City
(Tuesday, June 28, 2016) Qatar Petroleum will cede control of parts of the industrial city of Mesaieed in 2017 as the state-owned corporation restructures to focus on its core business at a time of low oil prices and increased competition in energy markets.
Aramco, Sabic One Step Closer to Turning Oil Into Chemicals
(Tuesday, June 28, 2016) Saudi Arabian Oil Co. and Saudi Basic Industries Corp. are one step closer to building their first plant to process crude directly into chemicals, cutting out a costly intermediate link in the production of plastics.
Seven Generations Mulls Moving Beyond Gas Into Plastics, Power
(Tuesday, June 28, 2016) Being a fast-growing supplier of low-cost natural gas only gets a producer so far in a shrinking market. It’s that reality that has Canada’s Seven Generations Energy Ltd. looking beyond resource extraction.
ChemChina to Take 40 pct Stake in Rosneft's Petrochemical Project
(Saturday, June 25, 2016) Russia's biggest oil producer Rosneft said that China National Chemical Corporation (ChemChina) would take a 40 percent stake in its planned petrochemical complex VNHK in Russia's Far East.
Japan's Mitsui Shuts Osaka Petrochemical Naphtha Cracker
(Wednesday, June 22, 2016) Osaka Petrochemical Industries Ltd shuts the 500,000-ton-per-year naphtha cracker at its Osaka plant in western Japan.
Malaysia's Petronas Seeks $7.2-bln Loan for RAPID Project - LPC
(Wednesday, June 15, 2016) Malaysia's Petronas is seeking to raise $7.2 billion for its Refinery and Petrochemical Integrated Development (RAPID) project in one of the largest project financings from Asia in recent years, Thomson Reuters LPC reported on Wednesday.
Lotte Said to Shelve $500 Million Malaysia Petrochemical IPO
(Wednesday, June 15, 2016) Lotte Group, South Korea's fifth-largest family-run conglomerate, has shelved plans to list its Malaysian petrochemicals business amid widening investigations at the parent, people familiar with the matter said.
BP Acquires Ethanol to Ethylenel Tech from BP Chemicals
(Wednesday, June 15, 2016) The technology converts ethanol to ethylene through dehydration, according to Technip.
Axiall, Lotte Break Ground on Louisiana Ethane Cracker
(Wednesday, June 15, 2016) LACC LLC, the joint-venture company formed by Axiall Corp. and Lotte Chemical Corp. of the Republic of Korea, Tuesday held a groundbreaking ceremony at its Calcasieu Parish, La. construction site.